Iceland Current Account to GDP - Forecast

Current Account to GDP in Iceland is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Current Account to GDP is projected to trend around 4.00 percent in 2020, according to our econometric models.


Iceland Current Account to GDP
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Iceland Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -20100 -12156 -9518 -7861 -5480 -4110
Exports 41700 44836 44737 44398 44064 41585
Imports 61800 59761 59715 59431 59157 56995
Current Account 68.14 32.47 19.74 37.38 35.74 17.25
Current Account to GDP 8 4.5 4.5 4.5 4.5 4
External Debt 2252 1950 1900 1850 1800 1400
Capital Flows 71.85 -5.97 8.38 -38.4 -9.75 -9.15
Gold Reserves 1.98 1.97 1.97 1.97 1.97 1.96
Remittances 1065 456 438 401 332 268
Terrorism Index 0.13 0.17 0.11 0.05 0 0.13
Tourist Arrivals 135240 133500 112600 102100 92600 62900
Foreign Direct Investment -357 -42 -23 32 45 55